State-owned entities need to be backbone of SA economy
As SA drifts towards globalisation, a vibrant SOE sector is crucial to enhance innovative capacity and productivity growth
07 July 2020 - 14:10
The words of University of Johannesburg academic Pádraig Carmody remain true — SA is battling with a compromise between globalisation and social democracy. The economy is rapidly globalising. All this is happening in an era where our economy is in recession, with rising government debt levels and poorly performing and failing state-owned entities (SOEs).
For a transition economy such as SA, the time has come for government to seize the moment and gradually introduce the necessary reforms into our SOEs...
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